Fort Lauderdale Oceanfront Condo Hotels
2021 Real Estate Market Report
The Condo Hotel market in Fort Lauderdale, Florida is very active and Ft. Lauderdale is a very desirable South Florida location. A Condo Hotel purchase is great to consider for Buyers who are interested in purchasing a Condo that has the most rental flexibility. If you’re planning to own a Vacation Condo that you would like to rent while you’re away, a Condo Hotel could work well.
Condo Hotels allow daily, weekly, and monthly Rentals (unlike the majority of Condos that limit Rentals to a minimum of 3 Months or 6 Months and limit the number of times per Year that Owners may rent their Units.) Condo Hotels offer a Rental Management Program through which Unit Owners may rent their Units to Hotel Guests (with Unit Revenue shared between the Hotel and Unit Owner and Management + Rental of the Unit managed and marketed by the Hotel.)
Property features include: Full-service luxury Amenities, breathtaking views of the Ocean, Beach, City skyline, and Intracoastal, on-site Restaurants, contemporary design, and more!
Where are the properties located?
Beach area Condo Hotels in Fort Lauderdale are Conrad Ocean Resort Residences, W Ft. Lauderdale Resort, Hilton Fort Lauderdale Beach Resort, Atlantic Resort and Spa, Pelican Grand Beach Resort, and Ritz-Carlton Fort Lauderdale. Currently under construction is Four Seasons Fort Lauderdale Residences, which is planned for delivery at the end of 2021 and 75% of its’ Residences are sold.
What are their current prices?
- W Fort Lauderdale: Recently sold Units were purchased for $625,000 – $1,030,000
- Conrad Ocean Resort Residences: Recently purchased Units were sold for $431,000 – $2,393,200
- Hilton Fort Lauderdale Beach Resort: Recently purchased Units were sold for $170,000 – $720,000
- Atlantic Resort and Spa: Recently purchased Units were sold for $330,000 – $1,320,000
- Ritz-Carlton Fort Lauderdale Residences: Recently purchased Units were sold for $625,000 – $1,825,000
- Pelican Grand Beach Resort: None of its Units were recently on the Market for sale and rarely are
- Four Seasons Fort Lauderdale Residences, currently under construction, 75% sold, and planned for delivery at the end of 2021: Prices for remaining Residences range from $4,050,000 – $15,000,000+
Interested in Incentives that are being offered for Condo Hotel Buyers? Conrad Ocean Resort Residences and W Fort Lauderdale are currently offering Incentives on select Developer Inventory for a limited period of time. Both are currently offering personalized Leaseback programs by leasing your purchased Unit back from you and also paying Condo fees for a specific period of time.
Contact me for additional details. Interested in viewing Residences? Contact me to schedule an Appointment in person or a Virtual Tour (FaceTime, Zoom, WhatsApp, etc.)
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